VAT penalty framework imposes targeted financial sanctions for registration, returns, records, false statements and invoice breaches. The statute defines tax deficiency, allows government variation of penalties by notification, and prescribes specific monetary sanctions and caps for failures relating to registration, return-filing, false or misleading returns or statements, improper input tax credit claims, invoice issuance and accounting, recordkeeping and production defaults, transporter documentation, and a residual penalty for unenumerated contraventions, with several penalties calculated as fixed sums or the greater/lesser of prescribed amounts and tax-related measures.